U.K. Services Pickup Keeps Economy on Track to Maintain Momentum
- Sector grew at fastest pace in 10 months in November
- Composite gauge signals fourth-quarter economic growth of 0.5%
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The U.K. services sector grew at the fastest pace in 10 months in November, keeping the economy on track to maintain its pace of expansion this quarter.
IHS Markit’s activity gauge rose to 55.2 from 54.5 in October, beating the median forecast of economists for a reading of 54. An all-sector index that includes construction and manufacturing also rose to a 10-month high, indicating economic growth of 0.5 percent in the three months through December.